1. Amazon just completed the third bottom of a triple bottom that began late last week. High probability pattern that should be followed by strong upside. 2. This triple bottom is also just under the key level of 3700.00, showing there may be a support range from 3695.00-3700.00 that will allow uptrend to resume.
1. Home Depot is nearing three distinct support indicators that converge at the 290.00-300.00 range. The 200 EMA, trend line from October 2019, and trend line from March 2020 all meet within the 290.00-300.00 range. Price currently sits above this range, and tested 300.00 in the previous few months. The three supports in this range should serve as a launch point...
1. Palantir is nearing a strong support zone (21.00-22.50) that it recently reclaimed. The support zone was reclaimed quickly after breaking, solidifying the strength at and beneath 21.00. Price just bounced at the top of the zone, yet I believe it will fall through to test the bottom of the support zone and consolidate within the zone briefly, reaffirming...
Gold is on my watchlist for the coming week, as always, I focus on assets I want to trade during the week. We have seen a Major SUPPORT ZONE around February, 2020, and a retest creating a consolidation to the SUPPORT ZONE around April - May of 2020, a successful break-out seeing the price rally to the ATH in 2020 with a steady decline to the SUPPORT ZONE in...
Ethereum it's look interesting to hold, invest or buy Ethereum contract. For that, I decide to buy just 1.40 Ethereum contract as I have a margin of 3,433 ADA coins. For that, if you look this psycology and strategy. Ethereum it's in the strong pivot that could to be bullish in this point. We look firstbly that Ethereum was into this simetric triangle in...
Bullish engulfing candlestick pattern at resistance turned support level. Short term target can be previous swing high.
Based on the chart movement, a good support of buyers is observable and it made a good uptrend on the chart. So at this situation I prefer to come with trend and do a trend surfing. Also price reached a support level and today we can see the reaction of buyers which leads to have a green day by it. Therefore I prefer to be buyer at this area with a good risk...
The Hook 11 so far provide a clue not to go short STXUSDT. An Open on a daily basis above the previous High of 2.85 signals higher in my opinion.
The price on 16 march has experienced a pullback and formed a support zone between 4 and 5 cents. Following that the price has risen to around 9 cents and failed to break that level but it formed an upward trendline that was tested around 7 times. I believe that the price has decreased to test the previous support zone. This idea is backed by a possible formation...
Through trail and error and years of experimenting I discovered that Price movements determine FUTURE Price movements. Markets have a dominate tendency to exhibit support and resistance at price points defined by percentage increases and declines of past Peak to Trough movements and vice versa. I was able to approximate the ideal ratio values to determine these...
Hi. In this chart I've plotted one resistance line and one support line, both quite short term. With these two I've also plotted two more long term zones: One wide diagonal support zone that has played out since April 2020. Its very strong and if broken could be a strong indicator of a trend turn. One tall resistance zone that while not very strong could still...
MY DAILY RANT : As prices advance and decline the Market creates new important foot prints for astute traders to gain clues from. In my opinion the market is creating mini Waves that are at first random based on the two main factors of market traders personalities, Fear and Greed. When the market has expanded into new territory or reacted down into new territory...
Hi. In this 1D chart you will see a potential diagonal resistance and a diagonal support that together create a channel within which the price has moved. I've also attempted to define a resistance turned support zone that together with the support diagonal creates a clear turning point for the price to move off of and return to an upward direction. Both the...
Long position setup EURCHF above 1.1041, targets at 1.1090-1.1103
Long position GBPAUD above 1.7895, targets at 1.8030-1.8065
Buy USDCHF above 0.9270, targets at 0.9320-0.9340
Trend Reactionary Numbers (TRNs) are powerful Support and Resistance Zones that will be respected by the Markets. These Numbers are the outcome of 30 years of Trading Experience with over 15+ years on Wall Street. I worked for Institutions like Deutsche Bank, BNA, CRT and DG Bank in New York. They are calculated by a proprietary formula and other variables which...